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Peabody Extends Tenn. Valley Deal

It covers 10 years.
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Peabody Energy (BTU) said its Coalsales LLC unit extended a supply agreement with the Tennessee Valley Authority.

St. Louis-based Peabody said it will supply 6 million tons per year over 10 years, from existing and future Illinois Basin mines. Coal sales under the first five years of the agreement are expected to be in excess of $1 billion.

The agreement represents the continuation of a mutually beneficial relationship between Coalsales and the TVA.

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